About the Transaction
Paramax advised Littlejohn & Co., a Greenwich, CT-based private equity firm on the sale of its portfolio company, Potomac Supply, to Canadian owned multi-national The Teal-Jones Group. Potomac Supply, located in Kinsale, VA, is a leading regional producer of Southern Yellow Pine softwood dimensional lumber with current capacity of approximately 60 million board feet annually.
The Teal-Jones Group is a privately owned, Canadian producer of softwood lumber with 11 locations in North America and a large presence in British Columbia. Teal-Jones acquired Potomac Supply as its second saw mill acquisition in the Southern Yellow Pine wood basket of the Southeastern United States. Teal-Jones has plans to significantly increase capacity and production at Potomac Supply.
Paramax’ highly efficient sale process generated strong interest from both strategic and financial buyer prospects in the US and International markets. Paramax focuses on advising companies and shareholders in sell-side transactions to strategic buyers at after-tax optimized prices. Paramax is headquartered in the United States with an International reach through its partnership with Globalscope Partners. In addition to its sell-side advisory practice, Paramax engages with clients on buy-side and recapitalization transactions, as well as valuation and strategic consulting.